Which Factors have an Impact on Managerial Decision-Making Process? An Integrated Framework

Omarli, Sevinj

doi:10.18427/iri-2017-0068

Cited by 4 publications

(3 citation statements)

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“…The lack of knowledge leads to subsequent errors in the first phase of decision-making-the lack of necessary information. Reference [59] confirms in his study that intelligence, cognitive style, age, experience and level of knowledge play an important role in the decision-making process.…”

Section: Resultsmentioning

confidence: 65%

How Behavioral Aspects Influence the Sustainable Financial Decisions of Shareholders: An Empirical Study and Proposal for a Relevant Decision-Making Concept

2020

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Behavioral finance is an area or sub-discipline of behavioral economics that examines the real financial behavior and decision-making of people, including the knowledge of psychology and sociology. The objective of this paper was to identify and investigate the impact of significant cognitive, psychological and emotional factors affecting the financial decision-making of the shareholders of woodworking and furniture manufacturing and trading enterprises. This could lead to the design of decision-making concepts which take into account not only cognitive but also psychological and emotional factors and their influences on decision-making process, which could positively affect the sustainable development of the aforementioned types of enterprises. The mapping of the addressed issue was carried out by means of an empirical survey in the practice of the Slovak woodworking and furniture manufacturing and trading enterprises in the form of a questionnaire. The results of the survey were evaluated by descriptive, graphical and mathematical-statistical methods. Conclusions and recommendations were formulated based on the identification of key behavioral aspects (knowledge, security, freedom and sadness), the implementation of which could contribute to eliminating negative deviations and errors in the financial decision-making process of shareholders of woodworking and furniture manufacturing and trading enterprises.

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Section: Resultsmentioning

confidence: 65%

How Behavioral Aspects Influence the Sustainable Financial Decisions of Shareholders: An Empirical Study and Proposal for a Relevant Decision-Making Concept

2020

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“…In a study by Omarli (2017), factors such as personal, psychological, and environmental were identified that can affect a person's decision-making abilities. McPheat (2022) explained that decision making is a crucial skill for managers, since if an individual second-guesses, the tendency is that the respect of their employees will be lost or significantly impaired, and outcomes of projects and other works will be put at significant risk.…”

Section: Responsible Decision Makingmentioning

confidence: 99%

Contributing and Hindering Factors of Teachers’ Social and Emotional Learning Competencies

Pasco,

Cruz

2023

Unibulletin

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Background/purpose -Teachers are the role models that students tend to imitate. Therefore, teachers' social and emotional learning skills and competencies are crucial to the implementation of social and emotional learning (SEL) intervention programs. When teachers are under stress, their social and emotional well-being can be significantly affected. This study focuses on assessing the SEL competencies of teachers, and to identify the hindering and contributing factors of these competencies. Materials/methods -Survey research design was used to collect the study's data. This was a combination of the an adopted 3-point, Likerttype instrument called the Collaborative for Academic, Social, and Emotional Learning (CASEL) Scale, which is a self-reflection test, and a structured questionnaire. Results -The assessment revealed that most respondents had a deep understanding of their SEL competencies and applied them in their daily lives. The result also revealed "stress" as the primary hindering factor towards teachers achieving their SEL competencies. Conclusion -The results serve as the basis for formulating a SEL intervention program aimed at enhancing and developing the SEL competencies of teachers.

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“…Research on decision-making from a behavioral perspective conducted in organizations shows that not only individuals, Pobrane z czasopisma Annales H -Oeconomia http://oeconomia.annales.umcs.pl Data: 09/01/2023 06:36:54 U M C S but also organizations are subject to heuristics and biases. The decision-making process is entirely dependent on people and is a central activity of the manager (Omarli, 2017).…”

Section: Behavioral Decision-makingmentioning

confidence: 99%

Why Don’t Local Governments Buy Catastrophe Insurance? Biased Decision-Makers

Swacha-Lech¹,

Gawin²

2022

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Theoretical background: Incorporating behavioral analysis into finance allows for finding responses to many questions that researchers have not been able to answer by relying on assumptions characteristic of the traditional, normative approach. One of the areas where recently the achievements of behavioral finance have been used to analyze selected problems is public finance. In this article, we use the achievements of psychology, incorporating them into public finance, which allows us to shed new light on decisions made by public managers in Poland. Purpose of the article:The aim of this paper is to present the reasons why local governments do not buy insurance that would protect them against potential losses resulting from the occurrence of a catastrophic event. In this paper, we rely on responses from 303 municipalities, following the premise that an obvious way to learn about motives, constraints, and the decision-making process is to ask decision-makers.

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Which Factors have an Impact on Managerial Decision-Making Process? An Integrated Framework

Cited by 4 publications

References 0 publications

How Behavioral Aspects Influence the Sustainable Financial Decisions of Shareholders: An Empirical Study and Proposal for a Relevant Decision-Making Concept

How Behavioral Aspects Influence the Sustainable Financial Decisions of Shareholders: An Empirical Study and Proposal for a Relevant Decision-Making Concept

Contributing and Hindering Factors of Teachers’ Social and Emotional Learning Competencies

Why Don’t Local Governments Buy Catastrophe Insurance? Biased Decision-Makers

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